Trump's Tariffs Face Senate Backlash Amid Market Fears
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President Trump's sweeping global tariffs sparked criticism from senators concerned about market instability and potential recession. U.S. Trade Representative Jamieson Greer defended the tariffs, claiming they've prompted negotiations with various countries to reduce their trade barriers. However, senators from both parties expressed concerns about the lack of a clear plan and the administration's use of executive power over trade policy. Some Republicans joined Democrats in advocating for Congress to reassert its authority over tariffs, introducing legislation requiring presidential justification and congressional approval for new tariffs, though Senate Majority Leader Thune indicated such a bill lacks support.
President Trump's sweeping global tariffs sparked criticism from senators concerned about market instability and potential recession. U.S. Trade Representative Jamieson Greer defended the tariffs, claiming they've prompted negotiations with various countries to reduce their trade barriers. However, senators from both parties expressed concerns about the lack of a clear plan and the administration's use of executive power over trade policy. Some Republicans joined Democrats in advocating for Congress to reassert its authority over tariffs, introducing legislation requiring presidential justification and congressional approval for new tariffs, though Senate Majority Leader Thune indicated such a bill lacks support.
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